Monday, October 24, 2005

First bar trade kickin again.......how sweet it is...



This is a chart of the 9m Russell2000 and it's to show you the higher time frame and also to show the measured pullbacks in the market from Friday.

This is a powerfull idea that both CB and MarkB talk about. On the 3minute chart this morning using the 50CCI and the ZLR when the turbo gets below -100 we had several setups one at 10:21, then 10:30 and finally at 10:54. The first two were not the best trade, however as I showed in TradersHaven this morning you could manage the first half and at least get the commissions covered and have enough for some banana puddin for lunch....:) But the third one that triggered was also a ZLR on the 9 minute chart with symmetry and my secret sauce with is available in the lobby after the show........:) Would you still be holding steady and taking these setups if the first two didn't pay anything or would you be looking and reading some text somewhere on the next greatest indicator from BOB.......

HC-ed today took a short, around 10:12 this morning and said he was looking for 639.00 and got it....all in advance on "HIS" setup. Now that is great trading for sure, but for the rest of the time today.....if you were looking for a short and took them.....I have to guess your office looks like this one by the end of the day.......and so is your attitude.


I found it interesting that Eman_CA and jim-rainman were not around today.....what is going on now.....

2 comments:

emacro said...

Dennis
CB, Mark and your idea on symmetry is tried and tested.

Goes way back to 1990s with Michael Gur's "The Symmetry Wave Trading Method" book. I suggest traders read this classic book.

Anonymous said...

Dennis, what a great trading today in the room, thanks again.